Money Management Executive Latest News

Two affiliates of Palmer Square Capital Management have launched new mutual funds. The funds are the Nuance Concentrated Value Fund from Nuance Investments and the Tortoise MLP & Pipeline Fund from Tortoise Capital Advisors.

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Vanguard is preparing to offer a suite of exchange-traded funds in Canada, and the move is likely to set off a price war in a nation where fees have historically been high, according to reports.

With implementation of the Dodd-Frank Wall Street Reform Act about to shower hundreds of new rules on capital markets, it's easy for other legislation to take on a cloak of invisibility.

Just when financial advisers were starting to feel comfortable again, comes news that some key indicators are heading south again.

For a fund manager, picking stocks to buy or sell means sifting through hundreds of pages of reports, a like amount of e-mails and countless phone calls, every day. That's before choosing what algorithm and trading venue to use.

Retirees and near-retirees are nearly panicked about their future. They fear they will live in poverty in their senior years, according to one-on-one interviews conducted with 264 Baby Boomers by Financial Engines, a supplier of automated investment advice online.

Financial advisers do their clients a grave disservice when they focus too closely on market returns instead of engaging in true wealth management, according to David Loeper, author of a new white paper called "Measuring Temperature with a Ruler: Is Your 'Wealth Manager' Really a 'Return Manager' in Disguise?" and his colleague Perry Chesney.

The Securities and Exchange Commission has adopted rules that could reward individuals who blow the whistle on illegal activity in securities markets, with bounties on successful prosecutions.

The Los Angeles City Council two weeks ago passed a $6.9 billion budget. The council closed a $336-million revenue shortfall by cutting police overtime pay and some fire engine teams.